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- Securities Litigation (new) — Securities class action filed August 2024, amended March 2025, alleging false statements about business and inventory during December 2023–July 2024 that inflated stock price.
Lululemon revenue growth slows to 5% as Americas declines 1%; tariffs cut margins 260 bps
Filed March 17, 2026 · Period ending February 1, 2026 · Compared to 10-K Mar 27, 2025 · ~2 min read
Key Changes
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Americas revenue declined 1.0% to $7.85B (first-ever decline in core segment representing 71% of total revenue); comparable sales fell 3% on lower traffic and conversion.
Business: Americas revenue decline verify on EDGAR → -
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Tariffs and de minimis exemption removal reduced gross profit by ~$275M; gross margin contracted 260 bps to 56.6%, operating margin fell 380 bps to 19.9%, EPS down 9% to $13.26.
MD&A: Tariff and de minimis impact verify on EDGAR → -
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CEO stepped down Jan 31, 2026; interim co-CEOs appointed during search for permanent replacement. Activist stockholder Dennis Wilson nominated three directors and proposed board declassification.
Risk Factors: CEO transition and proxy contest verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify